Money-saving expert Martin Lewis is urging married couples to check if they can apply for their Marriage Tax Allowance and saving some money in the process.
15.03.2023 - 15:53 / manchestereveningnews.co.uk
Martin Lewis urged all adults to take 'essential' action to protect personal finances during his ITV show on Tuesday (March 15).
The Money Saving Expert was tackling the "difficult but important conversations" to have with friends and family to help prepare and protect finances in the event of any of the "3 Ds: death, divorce, and dementia". One audience member posed a question regarding the age at which you should set up a power of attorney.
Power of Attorney, as stated by Which?, "is a legal document where one person (the donor) gives another person the right to make decisions on their behalf". It adds: "If you want someone to act on your behalf in financial or medical decisions you'll need to give them power of attorney over your affairs."
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In response to the question, Martin urged people to seek out a power of attorney as it was "more important than a will", reports WalesOnline. Audience member Caitlin said: "Hi. So my question is at what age should you nominate a power of attorney and how do I go about doing so?" Martin inquired: "How old are you?"
When Caitlin replied that she was 25, Martin said: "That's a good age. Simple as that – 25 would be good. Power of attorney... I think in many ways I think a power of attorney is more important than a will. Because if you die you die and the money is going to go on to people and you won't use it anymore. But if you lose your faculties, if you lose your abilities to look after yourself mentally, then the question is: what happens to your finances?
"And the truth is, let's say it's dementia, an accident, or stroke don't assume your family can access your
Money-saving expert Martin Lewis is urging married couples to check if they can apply for their Marriage Tax Allowance and saving some money in the process.
Energy companies seem to be making a move towards fixed energy tariffs to allow cheaper options for consumers.
Amazon's mammoth 2023 Spring Sale may officially be over, but there are still a few major savings that are still available that shoppers can snap up across various products.
it was announced he'd sadly passed away on 28 March. Paul, famed for hosting shows such as The Paul O’Grady Show, Blankety Blank and For The Love Of Dogs, "unexpectedly but peacefully" died on Tuesday, his partner Andre Portasio announced in a statement. Fans and fellow famous faces have flocked to social media to pay tribute to the late star, with the likes of Lorraine Kelly and Martin Lewis leading tributes.
The Money Saving Expert website has officially named the best chocolate Easter egg for 2023 - and the winner beat out big name brands such as Lindt and Thorntons.
Numerous celebrities have shared heartfelt tributes to late TV presenter Paul O'Grady after it was announced he'd sadly passed away on 28 March. Paul, famed for hosting shows such as The Paul O’Grady Show, Blankety Blank and For The Love Of Dogs, "unexpectedly but peacefully" died on Tuesday, his partner Andre Portasio announced in a statement. Fans and fellow famous faces have flocked to social media to pay tribute to the late star, with the likes of Lorraine Kelly and Martin Lewis leading tributes.
The RAC has warned that people who fill their cars up with diesel could be paying far more at the pumps than they should. Diesel is being sold for around 17p a litre more on average than petrol at forecourts across the UK - despite wholesale prices for both fuels being virtually identical.
An unbelievable property which most would considered to be their dream home has come up for sale - and despite its LA-style appearance it is actually located in Greater Manchester.
Martin Lewis has issued a warning to anyone in the UK who is paying council tax. The founder of Money Saving Expert has urged everyone to check their council tax band as he says up to 400,000 people are in the wrong band.
Martin Lewis says he won't be re-applying to become a member of the House of Lords after his application to become a crossbench peer was turned down last year. The Money Saving Expert founder believed he may have been rejected as he couldn’t commit the time required for the role.
Martin Lewis has startled fans as his innocent question left them in stitches. The Money Saving Expert took to his social media to ask his 2.1 million followers a question on how they tend to eat a piece of chocolate.
Martin Lewis is set to become a regular co-host on ITV’s Good Morning Britain.The 50-year-old financial journalist and consumer champion will join the weekday breakfast show on various Wednesdays across the year, alongside the show’s long-term presenter Susanna Reid. Speaking about his appointment, Lewis said: “To have the ability to hold politicians to account over the cost of living is a privilege and a responsibility.
Martin Lewis is urging the millions of people in the UK who receive a regular payslip to check it straight away as they could have lost out on thousands.
Martin Lewis is urging households up and down the country to check if they are eligible for a Council Tax discount before the new financial year begins on April 6. While Council Tax band evaluations differ in Scotland, England and Wales, the various ways to qualify for a discount are mostly the same.
With the cost of living continuing to directly impact people's finances, many will be looking for ways to save and - if possible - make extra cash.
Martin Lewis has shared essential advice for anyone unable to get through to the Future Pension Centre to buy missing National Insurance (NI) years in order to boost their State Pension entitlement. The UK Government recently extended the deadline from April 5 to July 31 due to a surge in demand for the service and has frozen the prices of each year.
Martin Lewis has issued a warning to the millions of people across the UK who are paying into a pension. Many people across the country pay into a pension, either through their workplace or privately, to boost their income on top of the state pension in later life.
Flying is set to become more expensive for Brits next year as Chancellor Jeremy Hunt announced in the budget that Air Passenger Duty (APD) would rise in line with inflation. The increase will hit passengers on domestic and long-haul flights the most, although short haul international rates will remain frozen.
Martin Lewis has pointed out a vital change to pensions that was not mentioned in the Spring Budget.
Drivers have been issued a warning as they should "never" allow their car insurance to auto-renew. It comes as rates could skyrocket by as much as 20 per cent, according to experts.